Clinton Hints at Comeback to ‘Shine a Light’ on Issues
Former presidential candidate Hillary Clinton hinted Friday that she is ready to re-enter public life. Clinton said, “I am ready to come out of the woods,” at the end of a St. Patrick’s Day speech in Scranton, Pennsylvania, in a reference to her viral photograph while hiking in the woods near her home in Chappaqua, New… Continue reading “Clinton Hints at Comeback to ‘Shine a Light’ on Issues”
Twitter Stock Crash Can Be a New Opportunity for Investors in 2017
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Buz Investors Comeback Is Twitter Inc (NYSE:TWTR) doomed? That’s a question that has been on the minds of many investors since the social media giant first ran into trouble in spring of 2015. Twitter stock has taken a beating since then, with Twitter user growth slowing. Where once people rushed to the microblog in waves of millions, now the tide has begun to dry up. Consider that from 2010’s Q1 to 2014’s Q4, the company showed an increase of 10 million monthly active users every quarter except one.
Every quarter since—from 2015 onward—the company has never made a gain beyond two or three million monthly active users. In fact, Twitter registered a two-million decrease from the end of 2015 into 2016. As you can imagine, the slowing progress has been disastrous for TWTR stock. But while things do indeed look bleak for the company, there is hope. The Jack Dorsey Twitter plan may be just what the once powerful company needs to make a resurgence. (Source: “Number of monthly active Twitter users worldwide from 1st quarter 2010 to 4th quarter 2016 (in millions),” Statista, 2016.)
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Twitter has certainly tried a number of different methods to try and come out of the doghouse. From deals with the NFL to provide live streaming rights to Twitter to becoming more politically focused to initiating protections for
users against online abuse, the company has been in search of a feature that could once again raise the platform back to prominence, to no avail. (Source: “Even Trump and NFL Can Not Save Twitter,” Business 2 Community, February 20, 2017.)
Regardless of the flagging growth numbers, Twitter remains as relevant as ever in terms of public discourse. In fact, the advent of President Donald Trump’s obsession with doling out policy and admonishment in equal measure over the platform has put the spotlight squarely on the microblog. While the Twitter-In-Chief’s love of tweets has yet to yield any discernible benefits for Twitter stock, people are definitely bound to be drawn to check the site more often now that one of the most powerful people in the world is on Twitter day and night.
The bottom line is that there is definitely potential value in Twitter stock; the operative word being potential. Any one of a successful feature rollout, Dorsey’s moves paying off, or a Twitter acquisition could be huge for investors who get in on the shares while they’re down. On the other hand, if none of these scenarios become reality, then investors may be holding on to a weakening stock bound to get weaker.
ASIAN SESSION – US DOLLAR MAKES COMEBACK ON GROWTH OPTIMISM
ASIAN SESSION The US dollar clawed back some of its recent losses during Friday’s Asian trading on optimism about US economic prospects and as some market participants speculated that the dollar’s recent losses had gone too far.
The dollar index extended its run above the 100 mark to around 100.80, as the greenback posted solid gains across the board against other majors. Euro / dollar was pushed below the 1.07 level down to 1.0662, while dollar / yen rallied above 115 to 115.18. The pound also gave back some of its recent gains as pound / dollar fell back to 1.2545. The Australian dollar was also under some modest pressure to trade at 0.7525; near the bottom of its range of the past 7 trading days.
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The dollar was also posting major gains against the Mexican peso, as dollar / peso rebounded from the previous day’s low of 20.85 to rise to 21.37. A planned meeting between the leaders of Mexico and the United States was scrapped following deep disagreement over a proposal by President Donald Trump to build a wall between the two countries with proceeds from a special tax on Mexican imports to the US.
The market was keeping a close eye on the policies of the new US administration with some analysts optimistic that fiscal stimulus would help the economy grow faster, while others feared that trade protectionism would end up hurting consumers, jobs and growth in the US.
In the day’s key economic numbers, Japanese core inflation for December was slightly better-than-expected at -0.2% year-on-year. While the country remained in deflation, it was the smallest drop in core prices in 10 months. Higher import prices because of a weaker yen and rising oil prices were behind most of the improvement. During January in Tokyo, core consumer prices fell by -0.3%, also slightly better than analyst estimates of a -0.4% drop. Despite the somewhat positive tone of the inflation news, the yen lost ground – not only against the dollar but also versus the euro at 122.82 and against the pound at 144.50. Market participants will now turn their attention to the Bank of Japan’s 2-day meeting next week on Monday and Tuesday.
In other economic news, prices also firmed in Australia as producer prices for the fourth quarter rose at a faster pace compared to the previous quarter, while both export and import prices for the same period came ahead of estimates. In Europe, German import prices for December rose by 1.9% month-on-month, which was more than expected.
Overall, the prospect of a pickup in inflation worldwide as a result of higher oil and commodity prices and decent global economic demand could be an important factor to watch in the New Year.
Looking ahead to the rest of the day, Eurozone loan and monetary aggregates for December will be watched. Later during the US session, durable goods orders for December and the advance estimate of fourth quarter GDP growth could move the market – particularly the GDP figures. Finally, it is worth noting that the Chinese New Year holidays started today and markets in China will remain closed until Thursday, February 2nd.
GOLD PRICE FIGHT GOLD FAILED TO STAGE A COMEBACK
- Buz Investors take note Gold price fight The precious metal is trading at $1267.80 per ounce at 09:40 GMT this morning, 0.2% lower from the New York close.
- This morning, the precious metal traded at a high of $1271.60 per ounce and a low of $1265.10 per ounce.
- Yesterday, gold traded 0.35% lower in the New York session and closed at $1270.30 per ounce, after upbeat US non-manufacturing data stoked expectations that the Fed will hike interest rates by the end of this year. Gold has its first support at $1261.47 per ounce and its first resistance at $1276.77 per ounce.